On Monday, short-selling hedge funds suffered a mark-to-market loss of $1.02 billion due to the jaw-dropping rally in GameStop, which saw the stock soar as high as 110%. This surge caused significant losses for those betting against the brick-and-mortar video game retailer
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GameStop Bears Lose Nearly $1 Billion in Monday Surge

May 14, 2024No Comments

On Monday, short-selling hedge funds suffered a mark-to-market loss of $1.02 billion due to the jaw-dropping rally in GameStop, which saw the stock soar as high as 110%. This surge caused significant losses for those betting against the brick-and-mortar video game retailer

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